According to a research report published by UBS, Lingzhan Real Estate Fund announced that it would sell 50% of its assets in Sydney's 100 Market Street office to Aware Real Estate for a total cash consideration of 225.9 million Australian dollars. The transaction implied a 100% valuation of the property at A$451.8 million and an exit yield of 6.5%, roughly in line with the book value of Lingzhan as of March 2026. After completing the transaction, Lingzhan will continue to provide property and asset management services and earn ongoing fee income. Proceeds from the sale will be used to repurchase units and re-invest in Lingzhan's core retail portfolio in Hong Kong. Management said that the stabilization of retail rents in Hong Kong has increased the attractiveness of reinvestment within the existing investment portfolio. The bank estimates that Lingzhan will need to use about 72% of the disposal proceeds for unit repurchases to offset about 1% of the distribution dilution per fund unit caused by the transaction. Management confirmed that the disposal process for the Mainland logistics portfolio and London office assets is still ongoing. The bank gave Lingzhan a target price of HK$47.2, maintaining a “buy” rating.

According to a research report published by UBS, Lingzhan Real Estate Fund announced that it would sell 50% of its assets in Sydney's 100 Market Street office to Aware Real Estate for a total cash consideration of 225.9 million Australian dollars. The transaction implied a 100% valuation of the property at A$451.8 million and an exit yield of 6.5%, roughly in line with the book value of Lingzhan as of March 2026. After completing the transaction, Lingzhan will continue to provide property and asset management services and earn ongoing fee income. Proceeds from the sale will be used to repurchase units and re-invest in Lingzhan's core retail portfolio in Hong Kong. Management said that the stabilization of retail rents in Hong Kong has increased the attractiveness of reinvestment within the existing investment portfolio. The bank estimates that Lingzhan will need to use about 72% of the disposal proceeds for unit repurchases to offset about 1% of the distribution dilution per fund unit caused by the transaction. Management confirmed that the disposal process for the Mainland logistics portfolio and London office assets is still ongoing. The bank gave Lingzhan a target price of HK$47.2, maintaining a “buy” rating.